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The Amaya deals whirlwind continues, but is it a whirlwind or a smokescreen?

16th April 2015 9:30 am GMT

So NYX finally bought the assets formerly known as Chartwell and Cryptologic from Amaya for CAD$150m.

That is US$120m or SEK1bn or AUD$157m or £81m depending on your choice of currency. And the US-based Anglo-Swedish-Australian, Canadian-listed NYX could probably choose any of them. It is not billions but it is still a fair amount of money for an asset that generated revenue of just $17.4m last year with a negative EBITDA of [...]

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